Answer
A market economy is driven by supply and demand, which sets a price that is optimal for both the consumer and the producer. However, in a command economy, a central governing agency determines the prices.
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Macroeconomics: Principles, Problems, & Policies 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0-07766-077-3
ISBN 13:
978-0-07766-077-2
Chapter 2 - The Market System and the Circular Flow - Discussion Questions - Page 49: 10
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